Tesla Close to Unveiling Autonomous Driving Chips With AMD

Tesla Close to Unveiling Autonomous Driving Chips With AMD”

The effort to build its own chip is in line with Tesla's push to be vertically integrated and decrease reliance on other companies.

The processors, which are created to decrease Tesla's reliance on other manufacturers, will be built on top of Advanced Micro Devices' (AMD) intellectual property, the report added.

AMD spin-off GlobalFoundries Inc Chief Executive Sanjay Jha said his company is working directly with Tesla, according to the CNBC report.

Tesla is reportedly working on a chip to handle all the tasks needed to power the fleet of fully self-driving cars that its CEO Elon Musk promised would be road-ready by 2019. Keller, 57, joined Tesla in early 2016 following two stints at AMD and one at Apple.

Tesla Inc shares were trading at $374.04 per share on Wednesday afternoon, down $1.06 (-0.28%).

The collaboration and Tesla's resulting self-sufficiency are expected to draw business from NVIDIA Corporation (NASDAQ: NVDA), on which Tesla now relies for graphics processing units.

AMD's role in Tesla's critical project testifies to the firm's reputation among tech peers. Previously, it worked with Israel-based Mobileye, which was subsequently acquired by Intel. Plus, Tesla would be less impacted by pricing dictated by Nvidia if it switches to in-house hardware. Alphabet Inc (NASDAQ: GOOGL), the parent company of Waymo, has already constructed two versions of an AI chip.

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